Which of the Following Legal Forms of Organization's Income Is

question 82

Multiple Choice

Which of the following legal forms of organization's income is NOT taxed under individual incometax rate?

• A) corporations
• B) partnerships
• C) limited partnerships
• D) sole proprietorships

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Definitions:

Insider Trading

The buying or selling of a publicly-traded company's stock by someone who has non-public, material information about the stock.

Guaranteeing Personal Freedoms

The act or legal measures designed to protect individuals’ rights and liberties against infringement or oppression.

Crawling

A form of locomotion achieved by moving on hands and knees or hands and feet, typically seen as a developmental milestone in infants.

Motor Activities

Physical actions involving movement and coordination of the muscles and limbs, important in the development of gross and fine motor skills.